Stockholm, 27 April 2007
Indutrade's Annual General Meeting was held on April 26 at the Westmanska
palatset, Holländargatan 17, Stockholm.
The Annual General Meeting set the dividend at SEK 3.75 per share. The record
date for payment of the dividend was set at May 2. Dividend payments are
expected to be made via VPC on May 7.
Bengt Kjell, Curt Källströmer, Eva Färnstrand, Michael Bertorp, Owe Andersson,
Johnny Alvarsson och Ulf Lundahl were re-elected as directors, and Gerald
Engström, founder and COE for Systemair AB, was elected as new director on
Indutrade's board. Gunnar Tindberg had declined re-election. Bengt Kjell was
re-elected as Chairman of the Board.
The Annual General Meeting resolved to assign the Chairman of the Board with the
task of contacting four shareholders from among the largest registered
shareholders in terms of votes in VPC's printout of the shareholder register on
August 31, 2007 (ownership-grouped), who each appoint one representative who is
not a director on the Company's board, to form together with the Chairman of the
Board a nominating committee for the time until a new nominating committee has
been appointed based on the mandate from the next Annual General Meeting. The
composition of the Nominating Committee shall be made public not later than six
months before the 2008 Annual General Meeting.
The Annual General Meeting resolved to adopt guidelines for remuneration and
other terms of employment of the senior management, mainly stipulating that
remuneration of the senior management should normally consist of a fixed amount
and a variable amount, be market adjusted and based on competence,
responsibility and achievement. The non-monetary benefits and pension benefits
for senior management should be reasonable and competitive in their field of
profession.
The Annual General Meeting resolved to authorize the Board to, during the time
until the next Annual General Meeting, at one or several occasions, resolve on
issuance of not more than 4,000,000 shares and to deviate from the shareholders'
right of pre-emption. The Board shall only be allowed to resolve on the issuance
of new shares against consideration in kind or set-off of claims. Set-off of
claims shall only be possible against promissory notes issued by the Company as
consideration for shares acquired by the Company in an enterprise. Issuance of
new shares shall be made in accordance with market conditions.
Information about the Annual General Meeting is available at the Company and on
Indutrade's website:www.industrade.se/Investor Relations/AGM/AGM 2007.
Stockholm, 27 April 2007
INDUTRADE AB (publ)
For further information, please contact:
Bengt Kjell, Chairman of the Board, phone: +46 70 594 53 98.
About IndutradeIndutrade markets and sells components, systems and services
with a high-tech content within selected niches. Indutrade's business is
distinguished byHigh-tech products for recurring needsGrowth through a
structured and tried-and tested acquisition strategyA decentralised organisation
characterised by an entrepreneurial spirit.The Group is organised into four
business areas: Engineering & Equipment, Flow Technology, Industrial Components
and Special Products. Indutrade's sales totalled SEK 4,516 million in 2006,
generating operating income of SEK 460 million before depreciation of intangible
assets. Indutrade is listed on the OMX Nordic Exchange in Stockholm.
